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Uranium and End Of Cycle Thinking

Cory
December 9, 2017

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Well this was a rough week for metals across the board… Precious and base metals were all sold off along with stocks reaching some lows for the year. In this week’s show we step outside the precious metals and look at some other resource sectors that have preformed relatively well. We also have a couple discussions discussing whether we are at the end of an economic cycle. There are opportunities to be had in falling markets but the trick is not getting in too early.

Thank you for listening in to this week’s show! Please keep listening to the company interviews posted throughout the week and keep the emails coming. I love hearing all of your questions and comments!

  • Segment 1: Chris Martenson from PeakProsperty.com kicks off the show with a discussion on how easy money is continuing to grow bubbles around the world.
  • Segment 2: Dan Oliver, Founder of Myrmikan Capital, shares some data he views as a sign we are at the end of a cycle.
  • Segment 3: This is the radio version of the interview I had with Joe Mazumdar. To listen to the full commodities recap click here.
  • Segment 4: Uranium is the focus with Chris Temple as we recap the supply side news and look ahead to the drivers for the uranium market.
  • Segment 5 & 6: William E. Simon Fellow at the Manhattan Institute Kay S. Hymowitz discusses The Anonymity of Social Media Nourishes Anger.
  • Segment 7: Ryan Ko discusses Bitcoin; other crypto currencies; and the potential of governmental regulation.
  • Segment 8: Dr. Harlan Ullman opines on perhaps the most important political event of the year that occurred this week.

Exclusive Company Introductions, Updates, and Stock Commentary

 


Segment 1

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Segment 2

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Segment 3

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Segment 4

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Segment 5

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Segment 6

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Segment 7

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Segment 8

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Discussion
160 Comments
    Tad
    Dec 09, 2017 09:11 AM

    Thanks for the show 🙂

    CFS
    Dec 09, 2017 09:48 AM

    Ditto, thanks guys.

      Dec 09, 2017 09:55 AM

      Yep, thanks gents,
      Your effort in putting it all together is much appreciated as always.
      Cheers.

    Dec 09, 2017 09:45 AM

    Segment 7 is not labeled with Ryan Cole. It is also buffering a lot for some reason for me in North Carolina.

      Dec 09, 2017 09:46 AM

      Cory should be fixing this right now. It is Ryan Ko discusses Bitcoin; other cryptocurrencies ; and, potential governmental regulation.

    Dec 09, 2017 09:05 AM

    For those that missed it. They discuss various things including the Vegas shooting.

    A2A with Dr. Dave Janda of Operation Freedom

    Our old friend, Dr. Janda, stopped by today for an extraordinarily informative webinar. You should be certain to carve out some time to give this a thorough listen.

    https://www.tfmetalsreport.com/podcast/8715/a2a-dr-dave-janda-operation-freedom

    Dec 09, 2017 09:07 AM

    Forbes picked up the Missing 21 Trillion

    Has Our Government Spent $21 Trillion Of Our Money Without Telling Us?

    https://www.forbes.com/sites/kotlikoff/2017/12/08/has-our-government-spent-21-trillion-of-our-money-without-telling-us/#64c4f1cd7aef

      Dec 09, 2017 09:03 AM

      So, Mardedtofuture do you trust our government. I feel that if it made a mistake the mistake must be admitted. Note that this happened under the prior administration.

        Dec 09, 2017 09:10 AM

        I think it goes back as far as 1998..and…..Rumsfeld admits to $2.3 Trillion missing, just before 9/11………

        Dec 09, 2017 09:47 AM

        Big Al,

        there is a lot of explaning to do. Dr. Dave Janda, USAwatchdog and now Forbes should raise some eyebrows. We get to start with the administration that did away with Glass Stegall and let the banks change the law so student loans could not be discharged in bankruptcy. This bread crumb trail only covers DOD & HUD. I’m sure this in only the start of the trail. Hopefully folks sent emails to Congress and the Senate to ask “where is it”.

        DOD AND HUD MISSING MONEY: SUPPORTING DOCUMENTATION

        https://missingmoney.solari.com/dod-and-hud-missing-money-supporting-documentation/

          Dec 09, 2017 09:09 AM

          There continues to be a lot of explaining to do, but it will never happen, Mardedtofuture.

            Dec 09, 2017 09:36 PM

            Big Al, the word could be getting out.

            Officials Announce First DoD-Wide Audit, Call for Budget Certainty

            WASHINGTON, Dec. 7, 2017 — The Defense Department is starting the first agencywide financial audit in its history, Pentagon officials announced today.

            Defense Department Comptroller David L. Norquist and chief Pentagon spokesperson Dana W. White spoke during the Pentagon news conference, in which they also addressed the possibility of a government shutdown when the continuing resolution that has been keeping the government running expires tomorrow.

            Video Player

            00:00 | 00:33
            VIDEO | 00:33 | Pentagon Spokesperson Announces Start of Audit
            Norquist said he received the DoD Office of Inspector General’s notification that the financial statement audit begins this month.

            Taxpayer Confidence

            The audit is massive. It will examine every aspect of the department from personnel to real property to weapons to supplies to bases. Some 2,400 auditors will fan out across the department to conduct it, Pentagon officials said.

            https://www.defense.gov/News/Article/Article/1391471/officials-announce-first-dod-wide-audit-call-for-budget-certainty/

            Dec 09, 2017 09:17 PM

            very good news………….thanks for the post…MTF………..

    Dec 09, 2017 09:43 AM

    End of the year interview series – Justin at the “nextbigtrade”

    The Next Bull Market Move – by @bullmarketmove on December 9, 2017

    “Let’s move on to Uranium. Over the last few weeks it looks as though the sector wants to break out, your thoughts?”

    “After the Cameco production cut announcement we’ve seen almost all the uranium stocks move above the 30-week moving average on increased volume. This includes Uranium Participation Corp. which tracks the price of uranium.”

    “I like how the volume in that fund is actually heavier than it was during the breakout in uranium stocks we saw around the same time last year.”

    “We are at the point now where the rubber needs to meet the road in uranium stocks. We’ve consolidated around the 30-week moving average after the initial breakout. If this is a real breakout it should start to move higher again over the next couple weeks.”

    “If it doesn’t it will be a higher chance that this a fake breakout and the market will consolidate sideways for a while longer. It’s definitely not abnormal to see multiple fake breakouts in a Stage 1 base, that’s what wears people out until the real breakout happens.”

    https://ceo.ca/@bullmarketmove/the-next-bull-market-move-end-of-the-year-interview-series-justin-at-the-nextbigtradecom

      Dec 09, 2017 09:57 AM

      Is Uranium Set for a Bull Market? Adam Rodman | Real Vision Video

      Real Vision – Dec 8, 2017

      https://www.youtube.com/watch?feature=youtu.be&v=LiEgtW1vxcA&app=desktop

        Dec 09, 2017 09:19 AM

        Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa

        “The Bitcoin Energy Consumption Index estimates consumption has increased by 29.98% over the past month. If that growth rate were to continue, and countries did not add any new power generating capacity, Bitcoin mining would:”

        “Be greater than UK electricity consumption by October 2018 (309 TWh)
        Be greater than US electricity consumption by July 2019 (3,913 TWh)
        Consume all the world’s electricity by February 2020. (21,776 TWh)”

        https://powercompare.co.uk/bitcoin/

          Dec 09, 2017 09:24 AM

          I wonder how many radical greenies, that are happy to use their smart phones and tablets to buy cryptos, think all this electricity keep all this crypto mining is going to come from. Wind? Solar? Hydro?

          I wonder what the carbon impact is of all this crypto mining, and if they even care about all the Coal & Hydrocarbons & Biomass needed to fuel this new paradigm?

          Clearly, Solar & Wind can’t handle it at this point, and if they hate Coal & Oil & Gas, then that only leaves one base load form of power – Nuclear that can handle these huge & growing energy needs. Pretty ironic.

            Dec 09, 2017 09:15 AM

            Interesting point Excelsior and kind of funny!

            Dec 09, 2017 09:22 AM

            🙂

            Dec 09, 2017 09:40 PM

            Bitcoin mining ‘is using so much energy that it is causing electricity blackouts’ amid fears it will consume more power than the world by 2020

            – Analytics firm Digiconomist estimates that every Bitcoin transaction uses up enough energy to power nine home in the US for one day.

            > According to The Times, Eric Holthaus said: ‘In only a few months from now, at Bitcoin’s current growth rate, the electricity demanded by the cryptocurrency network will start to outstrip what’s available.

            ‘New stress on the grid means more facilities using dirty technologies.

            ‘By July 2019 the bitcoin network will require more electricity than the entire United States currently uses.

            ‘By February 2020 it will use as much electricity as the entire world does today.’

            “The virtual mining of Bitcoins is using up so much energy that it is causing electricity blackouts in some countries, it has been revealed.”

            “It is creating a ‘colossal’ carbon footprint as the value of one coin surges to more than £12,000 amid violent swings in the cryptocurrency market.”

            http://www.dailymail.co.uk/news/article-5161765/Bitcoin-mining-causing-electricity-blackouts.html#ixzz50oWY4sYV

            Dec 09, 2017 09:56 PM

            Ex, James Rickards final target price on Bitcoin is 0- $ 200.00

            Economist Jim Rickards On Gold Versus Bitcoin

            https://www.youtube.com/watch?v=6r04gfWfRkE&feature=youtu.be

            Dec 09, 2017 09:59 PM

            Thanks Markedtofuture. Yes, I’d heard he expected it to fall back substantially.

            Dec 09, 2017 09:01 PM

            This power consumption issue of Bitcoin is going to take the power from many other systems, businesses, and residential energy needs so it will be interesting to see if this may be the very thing that throws a cog in the wheels. Hard to transfer things electronically when the power goes out.

            All the more reason to bullish on Energy. We’re going to need a lot more of it.

            Dec 10, 2017 10:09 AM

            Markedtofuture – thanks again. I just watched the Rickards video and get the connection now. He was making the same point about the energy consumption challenge that cryptos and the miners will be facing that will likely be getting more and more attention. Interesting.

          Dec 09, 2017 09:10 AM

          Thanks for this post Excelsior.

            Dec 09, 2017 09:24 AM

            Always glad to share ideas Big Al.

            Thanks for all you and Cory do to make the KER such a great resource, week after week.

    Dec 09, 2017 09:44 AM

    > What is the ‘January Effect’

    “The January effect is a seasonal increase in stock prices during the month of January. Analysts generally attribute this rally to an increase in buying, which follows the drop in price that typically happens in December when investors, engaging in tax-loss harvesting to offset realized capital gains, prompt a sell-off. Another possible explanation is that investors use year-end cash bonuses to purchase investments the following month.”

    https://www.investopedia.com/terms/j/januaryeffect.asp

    Dec 09, 2017 09:46 AM

    Bitcoin Has A “Whale” Problem: 1,000 Investors Control Nearly Half The Market

    Perhaps the most blatant hypocrisy perpetrated by bitcoin evangelists is their insistence that bitcoin and other digital currencies represent a return to a truly democratic financial system beyond the control of banks and other special interests, where players small and large can earn enormous profits simply by HODLing.

    Of course, this idealistic take couldn’t be further from the truth. As Bloomberg points out, the markets for bitcoin and most of its cryptocurrency clones more closely resemble the US equity market of the Gilded Age, where a handful of powerful traders and brokers colluded to move prices in their favor. And because securities laws at the time were virtually nonexistent, the big players minted suckers with impunity.

    According to Bloomberg, about 1,000 so-called “whales” control 40% of the bitcoin in circulation, giving them unrivaled leverage over the broader market. And because there are no laws explicitly banning collusion in digital currency markets, only the most blatant pump-and-dump operations risk being prosecuted as fraud. continued…

    http://globalintelhub.com/bitcoin-has-a-whale-problem-1000-investors-control-nearly-half-the-market/

      Dec 09, 2017 09:01 AM

      To the moon with Crypto Wars — Issue No. 5

      “Your dose of crypto news and analysis from @BTO and @Goldfinger”

      December 8, 2017 – (the graphics are great + lots of links)

      https://ceo.ca/@bto/to-the-moon-with-crypto-wars-issue-no-5

        Dec 09, 2017 09:05 AM

        Funny how those who were the go to Jr mining guys are now the mouth piece for the Cryptos.
        Some people know it all.

            Dec 09, 2017 09:07 AM

            Even bot Franks are in on the new trend (what a surprise)….

            Cryptocurrency Revolution COMPLETE FILM

            Frank Giustra, Frank Holmes & Marco Streng Bitcoin Doc

            rothmultimedia – Dec 8, 2017

            https://www.youtube.com/watch?v=YwtEUD2crwA&feature=youtu.be

            Dec 09, 2017 09:02 PM

            You can trust those guys for sure……….lol

            Dec 09, 2017 09:03 PM

            Hilly and Billy and the FRanks………..I bet the foundation has some cryptos , for the creepos

            Dec 09, 2017 09:50 PM

            Clinton-Cryptos for the Creepos….. building a new foundation…. ICO – Initial Clinton Offering.

            Dec 09, 2017 09:12 PM

            +1ccc….

            Dec 10, 2017 10:53 AM

            Bitcoin could implode and it wouldn’t be a big deal

            Julia La Roche – December 8, 2017

            “Unlike the bubbles in the tech sector in the late-1990s and in US residential property a few years later, a bursting of the bitcoin bubble should not have systemic, macroeconomic implications,” analyst Andrew Kenningham said. “The total value of bitcoin is (still) too small, and it has few links with the wider economy.”

            https://finance.yahoo.com/news/bitcoin-implode-wouldnt-big-deal-224525108.html

          Dec 09, 2017 09:17 PM

          Bitcoin Will Outperform Everything Including Warren Buffett Says Max Keiser – Part 1

          Dec 7, 2017

          https://www.youtube.com/watch?v=NsMlIIyaTsk

            Dec 09, 2017 09:18 PM

            Bitcoin Will Be Like Moses for Gold, Liberate Metal To $5,000 – Max Keiser Part 2

            Dec 8, 2017

            https://www.youtube.com/watch?v=oPwWscfCJbE&t=8s

            Dec 09, 2017 09:31 PM

            Max Keiser tells people what they want to hear not what he really thinks. He reminds me of “Murph The Surph”.

            Dec 09, 2017 09:36 PM

            While I personally don’t believe there needs to be a Bitcoin versus Gold choice, as they can both co-exist; regardless, the debate keeps happening and this video represents both ends of the polarized positions many investors have in regards both vehicles.

            ____________________________________________________________

            Peter Schiff destroys Max Keiser on Bitcoin vs. Gold Debate

            Nov 21, 2017

            https://www.youtube.com/watch?v=Qd2dYwnHfYI

            Dec 09, 2017 09:38 PM

            DT – funny. Max is a bit nutty, but at least it was a lively Kitco interview and entertaining. Those are more infotainment pieces than to be taken too seriously.

            Dec 09, 2017 09:51 PM

            Bitcoin Mania Parabolic

            Adam Hamilton – Dec 08, 2017

            “Bitcoin’s meteoric skyrocketing this year has been astonishing, captivating traders across the globe. This once-obscure cryptocurrency has exploded into the world’s hottest market. With fortunes being won on paper, everyone is talking about bitcoin. But with its price shooting parabolic, unfortunately this wild ride has all the hallmarks of a classic popular speculative mania. And those all end badly, totally collapsing.”

            “In the annals of financial-market history, the word “mania” is never used lightly. These are very-rare events where some market blasts higher so radically that it captures the popular imagination. The dictionary definitions of mania include “an excessively intense enthusiasm, interest, or desire” and “a pathological state characterized by euphoric mood, excessive activity or talkativeness, and impaired judgment”.

            “The seminal book on popular speculative manias is Charles Mackay’s “Extraordinary Popular Delusions and the Madness of Crowds”, first published way back in 1841. Manias are certainly nothing new, they have been periodically erupting for many centuries if not millennia. Mackay’s incredible work is one of the few must-read books for every investor.”

            http://www.321gold.com/editorials/hamilton/hamilton120817.html

        Dec 09, 2017 09:57 PM

        Great point from Goldfinger:

        @Goldfinger – “As far as I can tell the $Bitcoin futures have no legitimate purpose other than to allow institutions who otherwise can’t invest in cryptos to invest via the futures. Also huge profits for the exchanges etc”

      Dec 09, 2017 09:12 AM

      And this bothers me a lot Markedtofuture!

        CFS
        Dec 09, 2017 09:54 PM

        Hey, Guys, you are too US centric.

        BTC and ETH futures trade in Switzerland already.

        They appear to project a fall in Bitcoin and a rise in Ethereum coming up ahead.

          Dec 09, 2017 09:32 PM

          I do believe Ethereum will outperform Bitcoin moving forward.

            Dec 10, 2017 10:26 PM

            Blockchain as a new technological platform in smart contracts, data security, decentralized processing of info, etc… has real value, and is an interesting disruptive technology.

      Dec 09, 2017 09:07 PM

      HODling will be used all the way down to zero……to keep the masses from bailing before the scammer tear up the paper chain………..JMO……

    Dec 09, 2017 09:03 AM

    So far the 1,000 whales haven’t put you 21 Trillion in debt. The early investors always reap the most rewards. There is going to be a limited amount of Bitcoin created. Can you say that about the Fiat system ? Bitcoin is not guarnateed to be the Crypto of the future.People can endorse what ever they want. The fact that the Crypto’s have made such progress in such a short time is a testament to how fast people have adopted an alternitaive to the current system we have now.
    Many missed the move in the Cryptos, some didn’t.
    If you’re not part of it, the only alternative is to try destroy it.

      Dec 09, 2017 09:17 AM

      Very thought provoking JohnK.

      This is why I am concerned about governmental interference.

      Dec 09, 2017 09:35 PM

      Bitcoin is another version of a Ponzi Scheme, keep thinking you are on the right track and the train will eventually come and it will be too late to save yourself or your digital money.

        Dec 09, 2017 09:58 PM

        D.T:
        I just took profits.
        How about you?
        Talk about missing the train.

          Dec 09, 2017 09:07 PM

          I missed the top by 5 days. It cost me $7,000.00 dollars per Bitcoin.

            Dec 09, 2017 09:27 PM

            Everybody who lived in The Western World during the 1950’s knows who Beaver Cleaver was. Anyway Beaver has a relative called “Uncle Billy.” Everyone knows or has known of someone who is just like Uncle Billy. Uncle Billy is bulshi$$ in flannel. When you are a child The Uncle Billy’s of this world seem credible because we want to believe that there simplification of life is true and that the adults don’t understand him. When you get older JohnK, if you haven’t figured out that Uncle Billy is a cruel joke and you really can’t get something for nothing you are doomed to failure. LOL! DT

            Dec 09, 2017 09:34 PM

            D.T:
            You and others have been saying the same thing over and over. I took the other side.
            For me it’s not about the money,it’s about being a good trader.
            Become a good trader and the money is sure yo follow.
            I don’t question what is right or wrong.
            Everything is in a bubble and has been for some time now.
            Like Bob M says: Take profits when you can or losses when you have to.
            Profits are good.

            Dec 09, 2017 09:36 PM

            I must have been getting to you because you have now understood ‘The Uncle Billy’s’, of this world.

            Dec 09, 2017 09:49 PM

            D.T :
            Nobody gets to me.
            I understand there is money to be made off the herd.
            Think of this D.T. I waited over four years to take profits at $11,000 per Bitcoin and watched it run to $18,000 five days after I sold.
            The mistake, I sold from the gut and should have looked at a chart.
            Chalk another one up to experience.

            Dec 10, 2017 10:57 AM

            JohnK If you can read a chart when it goes parabolic hats off to you……just like when novo took off,I believe many here sold too soon with hindsight.Calling where the top was with novo on such a huge move is purely a gut call….having said all that good for you on your bitcoin profits and if you’re a trader there’s many opportunities to get back in. It’s fluctuating wildly these days

      b
      Dec 09, 2017 09:45 PM

      “only alternative is to try destroy it.” not true, I didnt get any, Im not trying to destroy it.

      Ive sold alot of collectables, Ive seen them shoot up in price and drop to almost zero too many times,
      Get em while theyre hot.
      possible bitcoin is the same thing.

      1000 investors control half the market, how is that any dif from Rothchild and his banks?

      Its too darn volitile to be a major currency, maybe some day, but right now its for moving fiat and speculating. sure it can be traded, but I dont NEED it.

      I do think its part of or a step to move people to digital.

      Exactly opposite as it was sold. To counter banks and criminal govs.

      Wish Ida bought it at $3….o well.

        Dec 09, 2017 09:08 PM

        b;
        The difference is this:
        Those who control the financial system now are a bunch of inbred psychopaths.
        The 1,000 whales are techie code writers.
        who do you think has an eye on the future?
        Nobody is killing anybody to force them to use Crypto.
        Can we say the same thing about the dollar?

          b
          Dec 09, 2017 09:46 PM

          Your right John, now watch what the world is gonna do about the dollar.

          I have nothing agianst bitcoin or any crypto,I just feel its a bank move.
          And I dont NEED it, I get along fine without it.
          Im certain the banks will eventually have everyone using cryptos.
          They are not going to lose their power so easily.

          As with gold, the Rothchilds ALONE could buy every once on earth, but they dont, why?
          They also have the funds to buy every crypto on earth, why dont they?

          And thats just the Rothchilds.

          Were in the matrix. lol

            Dec 09, 2017 09:57 PM

            The Rothchilds if they were to get into the Bitcoin could never attain a monetary value exceeding those 1,000 whales. They know it to. Why do you think the Queen of England’s bank won’t touch the Crypto? The psychopaths were to busy trying to figure out where they could get the next batch of loove.

            b
            Dec 09, 2017 09:24 PM

            The Fabulous Wealth of the Rothschilds – Darkmoon
            https://www.darkmoon.me/2017/the-fabulous-wealth-of-the-rothschilds/
            Feb 4, 2017 – The entire wealth of the world has been estimated as $990 trillion. Of this, the lion’s share, roughly $500 trillion, is reported to belong to one dynastic family alone: the Rothschilds

            If thats true they can buy anything anywhere they want.

      b
      Dec 09, 2017 09:51 PM

      I saw that Jerry, hilarious, I kinda hope they hold onto it and bitcoin rises enough for them to pay their entire debt.

      Just thinking of that 450 million painting that just sold, you think the owner woulda taken bitcoin?

        Dec 09, 2017 09:58 PM

        I do not see how this is going to work out well for everyone………….
        Things do not add up,……..Goldman and the cabal is involved and that is not good.

          Dec 09, 2017 09:11 PM

          They had no choice Jerry. They know they are not part of the 1,000 whales. The best they can do now is save face.

            Dec 09, 2017 09:22 PM

            Still not good when Goldman is involved…..the cabal is going to rip off anyone they can, proven fact.

            Dec 09, 2017 09:23 PM

            Have you read the silver stealer.net …..Yet……..

            Dec 09, 2017 09:29 PM

            Jerry:
            Goldman can’t corner it. The protocol is open source,and there is only going to so many created.Why do you think they condemned it so hard? No more dark pools.
            Peer to Peer coupled with trustlessness and decentralization. Checkmate.
            Take that you Zionist Piece of Crap!

            Dec 09, 2017 09:36 PM

            Goldman is just a member, doing dirty work for others…..

            Dec 09, 2017 09:41 PM

            And who exactly Jerry are the others when it comes to Bitcoin?
            To make such a statement you must have some pretty good info.
            Care to Share?

            b
            Dec 09, 2017 09:52 PM

            john, are you suggesting the worlds currency systems are going to be in the hands of anyone that knows how to code and market product?

            Dec 09, 2017 09:53 PM

            John …once again, have you read silver stealer.net.

            Dec 09, 2017 09:56 PM

            John……Bix…..thinks the creator of bitcoin was Greenspan…

            Dec 09, 2017 09:01 PM

            John, I have no problem with your investment in bitcoin or any cryptos, I also, think it is wonderful, that you have made money with the trade.
            I , also, appreciate you sharing any and all info with us. I know this is not over, and we are at the beginning (Ithink)…..Remember, no one knows it all …. Jootb

            Dec 09, 2017 09:01 PM

            Bix can think what he wants.Bix will tell you to keep hoddling your Bitcoin while he is selling. Whens the last time you heard Bix say take a profit.
            Bitcoin to the moon. Lots of pilots not many rockets.

            Dec 09, 2017 09:59 PM

            The Bitcoin Bubble – Together to the mooon : (Music Video)

            – Hilarious ! The very end on Ethereum was the best part.

            https://www.youtube.com/watch?time_continue=79&v=KTf5j9LDObk

            Dec 09, 2017 09:03 PM

            The only thing I can tell you, is bix and clif called bitcoin , way ahead of anyone around here.

            Dec 09, 2017 09:19 PM

            Absolutely OOTB. The first people I heard discussing Bitcoin were Jeff Berwick (Dollar Vigilante) and Bix Weir. (they are friends and peers so that makes sense)

            ______________________________________________________________

            TheAnarchast – Jeff Berwick

            Published on Jul 18, 2012

            “In this episode Jeff Berwick talk with Seth King at the 2012 PorcFest.”

            Topics Discussed

            – PorcFest 2012
            – Bitcoin
            – The Bitcoin Stock Exchange
            – Agorism
            – The future for a stateless society
            – The Daily Anarchist
            – Silk Road

            https://www.youtube.com/watch?v=r9XLBvTJQPM

            Dec 09, 2017 09:20 PM

            You are correct………almost forgot about JEFF…….thanks…….

            Dec 09, 2017 09:21 PM

            EX, check below……..I left you a bubble chart………

            Dec 09, 2017 09:30 PM

            Thanks OOTB. Yes, I listen to Glenn’s radio show from time to time when driving around town, and he’s covered both Gold and the Cryptos for some time. I hadn’t see the video yet though. Much appreciated!

    Dec 09, 2017 09:42 AM

    If you do not own…….read this…………..
    http://www.zerohedge.com/news/2017-12-09/if-you-dont-own-any-bitcoin-read

      Dec 09, 2017 09:56 PM

      Interest article OOTB.

      “An Expert’s Take”

      > He thinks the current price action is “nuts”:

      > But he’s not worried in the long run:

      > He admits that Bitcoin could lose out to a superior successor

      > He expects the world’s central banks to criminalize the cryptocurrencies:

      “His overall takeaway? Don’t buy at today’s prices; wait for a correction (it could be a really big one). But once it happens, buy in and hold, as he sees the price going much, much higher over the next decade.”

    Dec 09, 2017 09:55 PM

    Interesting….CME and related traders for price discovery?
    http://www.zerohedge.com/news/2017-12-09/new-cme-bitcoin-futures-and-goldman-sachs-connection

      Dec 09, 2017 09:29 PM

      Thus, when goods-producing jobs peaked at 25 million back in 1980, there were only 6.7 million jobs in leisure and hospitality. Today that sector employs 16.0 million part-time, low-pay workers or 2.4X the four decade ago level.

      Yes, there is nothing wrong with these jobs or the workers who hold them, but the fact that they constitute a rapidly increasing share of the mix is powerful proof that the job market is not nearly as awesome as it is cracked up to be; and that the monthly BLS report is surely no measure at all of a rising standard of living in Flyover America.

        Dec 09, 2017 09:32 PM

        Confirmed by the latest jobs report with stagnant wages.

    Dec 09, 2017 09:17 PM

    Please, mute your mike, or mute your mouse! The mouse clicking in the background is DISTRACTING!!!

    Dec 09, 2017 09:29 PM

    Here is a weekend up date on cryptos …….from Bix……..
    https://www.youtube.com/watch?v=J4aJjc8kylM&feature=youtu.be

      Dec 10, 2017 10:40 AM

      Dang, Jerry, you see this? What do you think of CAF’s take on bitcoin? A big gooberment op? And it gets testy at the end with investing vs gambling (no markets). Who do you think is right?

      https://usawatchdog.com/u-s-government-criminal-enterprise-catherine-austin-fitts/

        Dec 10, 2017 10:52 PM

        Thank Ebo……….I will watch it………Fitts is alway a good listen too

        Dec 10, 2017 10:58 PM

        Bitcoin……..well, like she said, going higher, and the computer experts are going to work for the govt for free. Problem, when it crashes or controlled by the NWO, we are in deep doo doo.. and who knows when you are going to get skinned……….BUY LAND and GOLD
        Everyone knows the market is over priced, over controlled, …If, you want to invest in the market or trade….Go over to Greg Mannorino web site…..I’ll see if I can bring it up.

    CFS
    Dec 09, 2017 09:37 PM
    Dec 09, 2017 09:17 PM

    Dear Al, I live in New York, and here we know Trump. He has been a bombastic liar, con man and phoney for decades. We voted for a Republican mayor 5 of the last 7 elections. We did not go democratic on reflex as you might think. We are tired of Trump’s particular brand of bull for decades and see through it. Are we angry that the rest of the country fell for it? Yes. Trump is loyal to noone, he turns on everyone quickly in the end and cycles through them often, as long as he can get away with it.

      CFS
      Dec 10, 2017 10:25 AM

      And then you consider the alternative choice was Ms. Clinton!

      Liar? (Benghazi)
      Fraud? (Haiti)
      Traitor? (Uranium sales)
      Tax Cheat. (Clinton Foundation)

      Dec 10, 2017 10:51 AM

      Donnie, I certainly can understand your opinions and I have a feeling many of the voters that voted for Trump can also relate. They would probably agree with a lot of your comments. Then why did they vote for him? It’s very simple. He knew how a lot of them felt which is an all encompassing realization that the system is broken and “rigged” against them. Donald Trump went out into the heartland and listened and then crafted his campaign based on that. Most politicians no longer do that but just listen to advisors and poll takers. You must admit the man was smart for doing that. He verbalized their feelings. By doing that, he also was supported by people that had given up on voting years back. Here was a guy that wasn’t the usual 3 piece suits that were more polished and the image creation of handlers and the mainstream media that have controlled elections in years past. The difference between Trump and those in the past is that Trump has no filter between his brain and his mouth while the usual candidates are told “in talking points” what to say and when and how to say it. One could say that they’re the ultimate “con men and phoneys” since it’s more socially acceptable. They say what the naive populace wants to hear and then once in the W.H. do the opposite for the benefit of the 1%ers, the elites, and special interests. Of course, they’re always given the excuse (by the MSM) that once in the office they realize the gravity of their decision making. That would tell me that they’re either “liars, con men, and phoneys” or so incompetent that they shouldn’t be running for office in the first place. So, there you have it: a choice between a person that says (or tweets) what reality is or the ultimate con men (women) created in the image of the MSM that have devastated this country and the world over the last number of years. The MSM is apoplectic since they see their power over the minds of an increasing % of the population no longer holds sway. The populace has watched the MSM destroy individuals in the past that don’t support their agendas and it didn’t work this time against Trump. That’s why they threw everything but the kitchen sink at him and it didn’t work this time. I’ll give Trump credit for one thing. He actually is doing what he said he would do unlike many of our con men and phoney presidential candidates of the past.

        Dec 10, 2017 10:26 AM

        Well put Doc, the established politicians like nothing better than to have somebody in office who will mingle in the backrooms with the guys with cigars in their cheeks and rolls of very useful thousand dollar bills in their briefcases. Get the word out that you can do business with the government, if you only fixed things up with the right man. If The Clintons were in the oil men, the uranium men, and all the rest of the Chicago and Ohio gang would be licking their lips.

        The public at large knows little and cares little about what is happening behind the scenes, the press and the deep state have kept them focused on statesmanship meanwhile they are being robbed blind. Now they are beginning to realize how crooked the past administrations have been, with Hillary out, the light has started to shine on the sex scandals she allowed her husband a former President to engage in. With Trump in we have entered a new fork in the road.

        I don’t like Trump’s handling of The Middle East, but change was needed in Washington and his administration has at least made people aware of much that they hadn’t been seeing. DT

        CFS
        Dec 10, 2017 10:44 AM

        Unfortunately, the MSM did manage to sideline the alternative Republican candidates, and initially promoted Trump, who they considered to be a weak candidate.
        Voters were left with not a great choice eventually, but chose the better of the remains.

          Dec 10, 2017 10:57 AM

          CFS, you are not seeing the whole picture, if Hillary got in you would have open borders and amnesty, plus rampant corruption, the sex scandals would be forgotten, and that is just for starters. The better of the remains I don’t think so, Trump is not the sharpest tack in the box but he is much better than the scraps as you suggest.

        Dec 10, 2017 10:58 AM

        Doc, you hit the nail on the head. trump was better than the corrupt, vile Hillary and the nasty thing she is married to. They stay married so they can never testify against one another, but they never sleep in the same house.

    Dec 09, 2017 09:54 PM

    Dec 9, 2017 Judge Jeanine Opening Statement

    There is a cleansing needed in our DOJ

    Some agents deserve not only to be fired, but to be taken out in cuffs.

    http://www.foxnews.com/shows/justice-jeanine.html

    Dec 09, 2017 09:02 PM

    WaPo Reporter Tweets Picture Of Empty Trump Speech, Gets Called Out By Trump And Retracts

    WaPo: where Fake News thrives in darkness?

    http://www.zerohedge.com/news/2017-12-09/wapo-reporter-tweets-picture-empty-trump-speech-gets-called-out-trump-and-retracts

      Dec 10, 2017 10:32 AM

      “Drain the swamp”—another plus for “business-minded” Trump.

        CFS
        Dec 10, 2017 10:35 AM

        +1
        About. But will heads roll, when the guilty are found?

        Dec 10, 2017 10:17 AM

        Doc…Judge Jeanine: Better link on draining swamp

        Published on Dec 9, 2017

        Some agents deserve not only to be fired, but to be taken out in cuffs.

        https://www.youtube.com/watch?v=QugwaEJK8zA

          Dec 10, 2017 10:40 AM

          Catherine Austin Fitts USAWatchdog Early Sunday Release

          Financial expert and investment advisor Catherine Austin Fitts says the U.S. Government runs on massive criminal activity. Fitts explains, “The U.S. economy is deeply dependent on criminal cash flows. We’re the global leader in money laundering. If we stopped doing that, the economy would be in for a major, major change. . . . The preference for most Americans is to keep that system going as long as it works for them. So, it you are a public official, you are between a rock and a hard place. If you press the red button and stop the illegal cash flows, then all hell breaks loose. . . . The U.S. Government has been run as a criminal enterprise, and I have documented and proved that on multiple occasions. The swamp that exists in Washington is from sea to shining sea. It’s not just in Washington. It’s in every county and every state house in the country. If we are going to change and clean ourselves of enormous financial dependencies on criminal activities, we are talking about a very big change, and it’s not just in Washington.”

          So, in the big picture, where are we now? Why are so many top people in politics and Hollywood being taken down? Fitts says, “These people are expensive. This is a fundamental re-engineering. . . . We are watching purges, but these purges are knocking out the expensive people, people we no longer need from the financial coup d’état period, and you are bringing in a new wave of people or you are just downsizing. So, we see sex purges in Hollywood and in various forms of media and entertainment. . . . You have various purges going on because the reality is the world needs to move on. This money needs to be reinvested, and you can’t afford a bunch of egotistical maniacs who were good at stealing money. You can’t use them to build the future, and you can’t afford them. . . . There is a huge amount of money that is floating around in fixed income and derivative markets, and now you’ve got to bring it down into the hard economy and hard assets. How do you do that? You need to switch the caliber of the people for management and reinvestment of the money. You have to do it in a way that doesn’t kick off hyperinflation.”

          So, what are the rich doing with their money? Fitts says, “Gold is what it has always been and that is a real store of value. I am a gold girl. If you look at the smart money and central banks around the world . . . the smart money is buying gold, and the smart money is buying land. If you read the land report, that’s the top holders of land in the United States. Their holdings have doubled since 2008. I see tremendous amounts of money moving into hard assets.”

          Catherine Austin Fitts, who was also an Assistant Housing Secretary in the first Bush Administration, talks about the Mueller/Trump investigation that she says is twisting in the wind and also the gun control and why Americans need firearms now more than ever. Fitts also says a large market correction will probably happen in 2018.

          Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, Publisher of the Solari Report found on Solari com.

          https://www.youtube.com/watch?v=wcOM1e9blBI

            b
            Dec 10, 2017 10:42 AM

            Interesting interview alright.
            Bitcoin is U.S. deep state,bankers. lol
            I kinda figured that some time ago.
            No big deal of course, still wish I hadda bought some @ 3.

            O well, but I do think its so funny that people are played so easily, and they whine about the big bad gov the whole time, and lo and behold, they doing exactly as the gov and banks wanted all along.

            I just think its funny.

            Dec 10, 2017 10:50 PM

            ditto

    CFS
    Dec 10, 2017 10:36 AM
    CFS
    Dec 10, 2017 10:43 AM

    Got to laugh….

    CryptoKitties and HashPuppies.

      Dec 10, 2017 10:28 PM

      It is truly ridiculous.

      Introducing ‘CryptoKitties,’ the New Digital Pets Taking Ethereum by Storm

      http://fortune.com/2017/12/04/blockchain-cryptokitties-ethereum/

        Dec 11, 2017 11:21 AM

        EX,

        just a question about GGI: are all of their assays out now or will there be a couple more coming in before the year is out?

          Dec 11, 2017 11:56 AM

          I believe they just put out more drill results at the end of last week and still have a few more to announce. Honestly, their first set of results were fine (but not amazing) but the markets sold it off hard because speculators had priced in a huge discovery.

          The drill results from Thur/Fri seemed like good results as well, but not enough to justify the current valuation.

            Dec 11, 2017 11:36 AM

            So what kinda drill results does the market actually need for this this to reverse and start running up? The Geologist on the project seems pretty pumped about what they have hit so far. I imagine the shorters will take this to the woodshed in the new year if they don’t hit astronomical Nickel and Copper percentages. I’d like to know at what drill results took Voisey’s bay….was it way more than 8%?

            Dec 11, 2017 11:37 AM

            I also understand there is lots of more drilling to be done to prove out this resource but at what point does the rubber hit the road for this to go mainstream?

            Dec 11, 2017 11:58 AM

            EX,
            here is a recap of the Voisey’s bay drill results. Sure the VB were longer but some of the NM resould are twice as rich in Nic MT!
            http://www.mining.com/web/infographic-the-story-of-voiseys-bay-the-auction/

    CFS
    Dec 10, 2017 10:49 AM

    So CDs That hold their value correlated to the price of Bitcoin are the most traded instrument on the Swedish stock Exchange.

    CFS
    Dec 10, 2017 10:18 AM

    I don’t know what will happen in the near future to bitcoin.

    One point of view:
    https://www.youtube.com/watch?v=6P4OUZJCYh0
    parallels what happens to precious metals.

    Another possibility is that because there are hundreds of crypto-exchanges around the world, and because bitcoins can move quickly and cheaply around the world, we will see non-American big money drive the speculators on the CBOE and COMEX into bankruptcy.

    I will be moving much of my crypto-money into non-futures traded cryptos, to wait and see.
    I also can see the data one has to keep for tax purposes as being a real problem, as one moves between exchanges, wallets, and different cryptocurrencies.
    (Since there are different dollar values on different exchanges, which vary with time; even over the few minutes it sometimes takes to change a currency.)

    CFS
    Dec 10, 2017 10:34 PM
    Dec 10, 2017 10:55 PM

    All You Need To Know About Today’s Bitcoin Futures Contract

    CBOE Global Markets Inc and CME Group Inc will launch futures contracts on bitcoin on Dec. 10 and Dec. 17 respectively. Here are some of the differences between the products to be offered by the exchange operators.

    http://www.zerohedge.com/news/2017-12-10/all-you-need-know-about-todays-bitcoin-futures-contract

    CFS
    Dec 10, 2017 10:00 PM

    The CBOE is running no. Albeit with a trading halt.
    The CME is on the 18th is it not?

    CFS
    Dec 10, 2017 10:01 PM

    Trading halts 2 minutes for 10% change, 5 mins for 20%.

    Dec 11, 2017 11:25 AM

    Russia-China real gold standard means end of US dollar dominance

    9 Dec, 2017

    https://www.rt.com/business/412546-china-russia-gold-standard-dollar/

      Dec 11, 2017 11:27 AM

      There are more and more articles like this popping up about the BRICS trying to find workarounds outside of the US Dollar system.

      Of course, we’ve seen people warning about this for over a decade, but recently it does seem like the old ties are breaking and new alliances are being made. Something to at least consider.